Financial Daily from THE HINDU group of publications
Tuesday, September 10, 2002
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ANNOUNCEMENTS


Dabur launches `Thalix' — To highlight adverse effects
AGAINST the backdrop of a global controversy over Thalidomide and expectant mothers, Dabur India's pharma division on Monday launched Thalix, its brand of Thalidomide - a new drug formulation used in the treatment of a type of blood cancer ... More

PREFERENTIAL ALLOTMENTS


Preference for staff-led bids in MOIL sell-off
THE Ministry of Disinvestment (MoD) is considering a proposal to allow employee-led bids to enjoy preference over other bids for the proposed privatisation of Manganese Ore (India) Ltd (MOIL). According to officials, in case the employee-led ... More

OPEN OFFERS


Kodak open offer
MUMBAI: The open offer for shareholders of Kodak India Ltd will open on September 11 and close on October 10. The open offer is made by Kodak Ltd, UK, which is making a voluntary offer to the public shareholders of Kodak India Ltd to ... More

ENVIRONMENT


Generating wealth from waste
IT'S a story of generation of wealth from waste. Tata Pigments Ltd, a 100 per cent subsidiary of Tata Steel, is hopeful of recording a growth of 20 per cent in turnover terms over last fiscal. In 2001-2002, the company notched an income of Rs ... More

RESTRUCTURING


Essar Steel revamp soon
AFTER restructuring its power business recently, the Essar group is hopeful of restructuring its steel outfit, Essar Steel Ltd, soon. The proposed restructuring is through re-scheduling of high-interest loans to market-related rates for which ... More

Aurobindo Pharma to complete revamp process this fiscal
AUROBINDO Pharma Ltd (APL), the Hyderabad-based Rs 1,050-crore integrated pharmaceutical company that ranks among the top five Indian pharma companies, expects to complete almost all of its revamping tasks before the end of current ... More

German Remedies to close Andheri plant, offer VRS
GERMAN Remedies Ltd will offer voluntary retirement scheme to its employees at the manufacturing facility located in Andheri, Mumbai. This is part of a restructuring exercise to synergise the operations of Zydus Cadila and German ... More

MERGERS & ACQUISITIONS


Iran co to exit MFL during strategic sale
Bidders had raised concern over the special rights enjoyed by NIOCL since this would work against the strategic investor in MFL, thereby dampening interest in pursuing a stake. More

NEW PROJECTS


Pepsi plans for tender coconut water unit in Bengal
PEPSI has proposed to set up a processing unit for tender coconut water in West Bengal. The Chief Minister of West Bengal, Mr Buddhadeb Bhattacharjee, said that the company was in talks with the State Government for finding a suitable location ... More

REGULATORY BODIES & RULINGS


CLB expands areas of single-member Bench
WITH the reduction in the number of its members from nine to three, the Company Law Board (CLB) has now allowed even single-member Benches to hear applications, in an effort to ensure continued smooth functioning. The CLB has said that even ... More

TRADE & LABOUR UNIONS


AITUC hits out at `hasty' steps to privatise Salem Steel Plant
EVEN as the Union Government is still groping for an amicable political solution to the disinvestment imbroglio over the strategic sale of HPCL and BPCL, yet another controversy is being raked up over the proposed privatisation of Salem Steel ... More

INTERVIEW


`We have done well despite slump'
WITH the rains playing truant this season, tractor companies are having a difficult time maintaining profitability. Despite this, Eicher Tractors has been one of the few tractor companies whose performance has been better off when compared to the ... More

STANDARDS & BENCHMARKS


Programme on TQM
HYDERABAD: The Small Industries Service Institute (SISI) is organising a one-day awareness programme on ISO-9000/ Total Quality Management (TQM) for the benefit of small-scale units on October 10. Resource persons from the Bureau of ... More

OUTLOOK


Philips sprucing up audio segment — Plans new models to take on Chinese radios
CONSUMER electronics major Philips India Ltd has projected a 22-25 per cent growth rate for its audio segment. According to ORG-GFK, the audio industry is pegged at Rs 1,000 crore and is currently de-growing at a rate of four per cent. ... More

Tata Steel: Future plans on course
TATA Iron and Steel Company (Tata Steel), Asia's first and the country's largest integrated private sector steel plant, is aiming to become a EVA positive company ahead of the three year time frame that it had set for itself. Stating this, Mr ... More

Tata Ryerson on the right track
THE Rs 100-crore turnover Tata Ryerson Ltd is confident of recording a turnover of Rs 500 crore in the fiscal ending March 31, 2006. In the current fiscal, the steel products inventory management and processing services major is hopeful of ... More

PERFORMANCE


Tata Engineering vehicle sales up 26% in Apr-Aug
TATA Engineering has reported a 25.8 per cent increase in sale of vehicles at 73,999 units for the period April-August 2002 against 58,835 units sold in the corresponding period last year. In August alone, the company's vehicle sales increased ... More

Eicher Motors CV sales up 58% in Aug
EICHER Motors Ltd (EML) has recorded a growth of 58 per cent in sales of its commercial vehicles in the domestic market during August 2002 over that in the same month last year. The company sold 920 vehicles in the domestic market during the ... More


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